Narni Pty Ltd v National Australia Bank Limited [1998] VSC 146 Essay

Narni Pty Ltd v National Australia buzzword Limited 1998 VSC 146 - Essay ExampleThe conduct of National Australia Bank Limited clearly shown there was an agreement to exceed the overdraft Limit hence creating an implied term in the sign on which barred the aver from terminating the extended overdraft limit with come out of the closet a notice. Narni suffered losses from the dishonor of the cheques hence had to sue the b to each one for damages. Implied term of arrangement and why significant for Narni and banker- customer relationships According to the agreement made between the bank and Narni, overdraft limit was $ 65,000 hence honoring $ 40,000 would exceed the canonical limit. However, their October 1988 agreement provided for provision of finance for the renovations which were creation carried out by Carrum Nursing Home and at the same time the bank would continue honouring the cheques notwithstanding the approved limit of $ 65,000. By the implied conduct of the two parties , the approved limit was varied to $ 100,000 hence creating an overdraft extension. At the end of 1988, all assets of Narni had been financed by loans to the total of $ 896,165 hence Narni was responsible for making $ 66, 718 per annum installments as payments for the loan. Majority of the income in like manner came from Federal Department of Health and Community services (DCS) as advance payments at the set-back of each month. The total income of 1988 stood at $ 225 M where patient contributions were below $ 400, 000 with majority of the income being advance payments by DCS at the rate of $ 150,000 per month. From the number minutes history, the enumerate always had a credit quietus at the beginning of each month and a debit balance at the end of the month. DCS would pay between $ 90,000 to $ 124,000 as initial payment to the account and another final payment after two weeks which made that the balance would be above the extended overdraft limit of $ 100,000. However, withdra wals would occur evenly throughout the month with majority being wage payments which accounted for 62%of expenses which translates to $ 1.4 M which was paid after both two weeks. In some months, fee would amount to $ 120,000. The Branch manager would approve overdraft facilities depending on the account balances of the account. Below is a summary of the account balance for the six months from January to June 1988. Month Start counterbalance Zero Balance Date End Balance January 1988 $99,716.09 CR (5/1) 20 $24,669.34 DR (1/2) February 1988 $66,069.68 CR (2/2) 19 $47,512.02 DR (1/3) March 1988 $59,282.35 CR (2/3) 17 $69,168.08 DR (6/4) April 1988 $26,683.13 CR (7/4) 14 $94,162.28 DR (3/5) whitethorn 1988 $1,533.12 DR (4/5) 2 $87,897.80 DR (1/6) June 1988 $7,016.25 CR (2/6) 10 $71,675.53 DR (1/7) From the account balance figures, extended credit facility was provided in every month while payments in to the account from DCS delayed were delayed in some months meaning the account woul d still have a debit balance at the beginning of the month and an overdraft would still be approved. In July 1988, the same trend continued with automatic payments from DCS of $ 109, 608 leading to account credit balance of $ 29, 582. From the transactions of July 1988, the end of the month account balance was overdrawn. The account reflected a debit balance at the rise of August 1988 but it was reduced by a deposit of $ 85, 671 to settle to a debit of except $ 1,375. In September, the account was overdrawn to a

Balancing Technology, People and Organisations in Information Systems Essay - 1

Balancing Technology, People and Organisations in Information Systems discipline Education - Essay ExampleThe companys IS performance is indeed largely determined by the mickles knowledge. It was therefore noted that there is every need to bridge the gap that whitethorn exist particularly in understanding systems as well as the technology involved thusly the need for proper education.Information technology (IT) and information systems (IS) continue to dominate in todays corporate environments and they substantiate a significant impact on their operations. Information technology is one of the local issues in doing business during the contemporary time. In the same vain, there is also need to educate people intimately these wonderful features of the latest developments in IT and IS so as to attain great results in business.IT and IS have improved dramatically since the invention of computers where information processing was still centralized and only accessible to a few individua ls who had access to the computers. However, the scenario today has changed where there are many end-users who can also benefit from the developments in IT and Is. For instance many people had no direct link or access to any IS in an organisation but today that access has been made possible by the new technology in information technology.Many people within an organisation are more(prenominal) directly involved with the systems as they can navigate their own way of doing work via an interactive user interface, thus assuming more responsibility for their own applications. Thus, according to (Ives, Olson, & Baroudi, 1983) cited in Travica (2008), the ability to capture and measure end-user satisfaction serves as a tangible measure in determining the performance of the IS as well as IT function and services. It is therefore important to evaluate whether IS in an organization meet users expectations and there ought to be relevant knowledge about how the system operates. In this case, th ere is need to draw a balance between the peoples knowledge and the operations of technology

Personal Philosophy of Education Statement Example | Topics and Well Written Essays - 2250 words

Philosophy of Education - Personal Statement casefulNevertheless, one of the most common factors that characterize most philosophies in genteelness is the issue of social pedagogy. social pedagogy refers to an educational approach that focuses on providing holistic education and cares to students (Lingard, Nixon, & Ranson, 2008 p. 23). Social pedagogues are guided by four main principles. These are holistic education, holistic wellbeing, promoting human welfare, and molding students to become responsible members of the society. holistic education pays greater emphasis on issues such as cognitive development, emotional and spiritual development, as well as physical and practical skills development. My personal education philosophy is based on the whimsy that all educators should be social pedagogues.I imagine that education should be seen as the process of empowering learners to mark the best out of their lives regardless of their age. Therefore, education should not be seen as a way of discriminating or categorizing individual on the basis of their age or backgrounds. As such, the main approach should be regarding all learners as human beings who need to be taught how to make the best out of their lives (Tisdall, 2006 p. 34). In this regard, an education system should focus on empowering students to deal with contemporary challenges and issues affecting humans. For instance, contemporary education should focus on empowering learners to deal with issues such as climate change, terrorism, economic challenges, and the issues of globalization and cultural integration. I also believe that this kind of education can only be achieved in a specific learning environs that is characterized by a high sense of equality, sameness, and heightened interactions between educators and learners. In lieu of this, educators have to consider learners, disregarding of their age, as fellow humans hence the need to treat them equally.

Anorexia in the Fashion Industry Research Paper Example | Topics and Well Written Essays - 500 words

Anorexia in the Fashion Industry - Research Paper ExampleThe voluptuous curves which use to be admired in the past have been switched to straighter angles and lines on fashion models bodies. With these tightfitting fashion models gracing the covers of the most exclusive and tr remnanty magazines, many teenage girls seem to be drawn to the approximation that in order for them to be as beautiful and as accepted as these models, they have to human face like them.This obsession has even created the psychological disorder known as anorexia nervosa. Anorexia is a life-threatening disease, which loosely involves the act of starving oneself in order to look as thin and as beautiful as the fashion models. Deaths have been reported for some anorexic teenagers and models, as the unacceptable image that these models and teenagers see in their mirrors never seems to reach acceptable standards.This paper shall now investigate how the fashion world and designers influence models and girls to b affle extremely thin, and how they cause these girls to be anorexic. It will also note the lengths to which these girls go to in order to be and to stay as thin as possible and the blow on these girls lives. This paper shall also treat the changing trends surrounding weight issues and fashion modeling -- from the earliest days when such trends made an impact on the world and on contemporary times. This discussion shall cover opinions and scholarly studies conducted on the subject matter, focus on the thin fashion models and celebrities and the impact of the skinny obsession on teenagers and on girls in general.The end of the First World War brought about the raising of the hems and the lowering of the waists in womens fashion. Panati (p. 235) points out how the dresses designed in the 1920s called for women to be flat-chested and boyish, and those who had fuller breasts were also forced to bind their chest to flatten their chests.

Operations Management Principles Essay Example | Topics and Well Written Essays - 1000 words

Operations Management Principles - Essay ExampleThis essay explores the old scotch Order Quantities. I think it is an issue because old data about EOQs do not smoothen the current state of affairs. The Economic Order Quantity model (EOQ) is a mathematical model for ancestry the optimal corrupt quantity. The EOQ model seeks to minimize total carrying and ordering costs by balancing purchase costs, ordering costs, carrying costs and stockout costs. In order to compute the economic order quantity, the supervisor needs the side by side(p) teaching forecasted demand during a period, cost of placing the order, that value of the purchase price, and the carrying cost for maintaining the total inventory. The fourth fuss is the impossibility to engage trained or trainable temporary workers. I think it is associated with a lack of movement planning and therefore should be solved in connection with it. I think that the plan must(prenominal) consist of strategic decisions that argon made typically over a longer time horizon. These are closely linked to the corporate dodge and guide supply chain policies from a design perspective. (Ganeshan & Harrison, 1995) The strategy embroils the development of a management information system that will store the data about the confederations activity and help to make operational decisions. Management information systems (MIS) are information systems, typically computer-based, that are used within an organization. A management information system may be be as a system that collects and processes data (information) and provides it to managers at all levels that use it for decision making, planning, program implementation, and control. An information system is comprised of all the components that collect, manipulate, and disseminate data or information. It usually includes hardware, software, people, communications systems such as bring forward lines, and the data itself. The activities involved include inputting data, processin g of data into information, storage of data and information, and the production of outputs such as management reports. (Management information system from Wikipedia, 2006) A standard is any guideline established as the ground for measurement. It is a precise, explicit statement of expected results from a product, service, machine, individual, or organizational unit. It is usually expressed numerically and is set for quality, quantity, and time. Tolerance is a permissible deviation from the standard. (Allen, 1998) A set of controls should be developed. Time controls bring up to deadlines and time constraints. Material controls relate to inventory and material-yield controls. Equipment controls are built into the machinery, imposed on the operator to nurture the equipment or the process. Cost controls help ensure cost standards are met. Employee performance controls focus on the actions and behaviors of individuals and groups of employees. Examples include absences, tardiness, acci dents, quality, and quantity of work. Budgets control cost or expense related standards. Financial controls facilitate achieving the organizations profit motive. wiz method of financial controls budgets.